Discharging debts certainly ameliorates your credit score, but it is not true in all circumstances. Your credit history is not the only quintessential element to have a loan application approbated. Sometimes, the reason for a decline to your application is your affordability, not your credit score. Three credit reference agencies …
Continue reading “Why Paying Off Debts Is Not Improving Your Credit Score”
Credit cards are not a vital part of our lifestyle, and they are last-minute saviours as well as daily support systems. Whether it is about spending for an emergency situation or the daily small expenses, credit cards are always in use. However, as you know, they come with some risks …
Continue reading “What Is a Credit Card and How Does It Work?”
At times, you may need a financial instrument which gives you convenient access to funds. Besides, like any other borrowing arrangement, it needs you to repay on time. Up to here, it might seem like a typical loan option. What if you can repeat the process, i.e., borrow again and …
Continue reading “What Is Revolving Credit? Explain Everything about “
What happens when you need more than what you borrowed on a loan? You mistakenly thought that the amount was sufficient to meet the needs. However, it did not materialise that way. Instead, you need £3000 more to cover the requirement. Most personal loan providers offer the flexibility to redraw …
Continue reading “What Is A Line Of Credit? Explain Everything”
What if you can get cheap interest rates despite a bad credit rating? Yes, you may get one by providing one of your assets as collateral for the loan. Now, you must be thinking- what do you mean by collateral? It is an additional security in the form of property, …